Ondo Finance has launched an on-chain private markets platform that uses tokenized notes to give investors exposure to private companies, with its first offering targeting an AI company that has yet to go public.
An AI company that hasn't gone public yet, with equity previously held only by VC funds and early employees, is now being brought on-chain through a tokenized note — that's what Ondo Finance's latest platform is set out to do.
Ondo Finance has launched a private markets platform whose core product is tokenized notes designed to track value exposure to private companies. The platform's first target upon launch is a pre-IPO artificial intelligence company.
Ondo's choice to launch its private tokenization debut with an AI company suggests this starting point was picked at the sector where private market capital is currently most concentrated, rather than a random pre-IPO company.
The name of the AI company, the structure of the note, and the launch timeline were not disclosed in the available material and remain pending official announcement.
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